{
    "success": true,
    "data": {
        "id": 1279244,
        "msgid": "orange-cp-sign-us100m-deal-1447893297",
        "date": "2000-09-29 00:00:00",
        "title": "Orange, CP sign US$100m deal",
        "author": null,
        "source": "AFP",
        "tags": null,
        "topic": null,
        "summary": "Orange, CP sign US$100m deal BANGKOK (AFP): British mobile phone operator Orange Plc. on Thursday signed a joint venture agreement with Thai conglomerate Charoen Pokphand Group (CP) in a deal reportedly worth about US$100 million. Charoen Pokphand senior executive vice president Veeravat Kanchanadul told AFX-Asia, an AFP financial news subsidiary, that Orange would take a 34 percent stake in the joint venture, to be called Bangkok Inter Teletech Co. (BITCO).",
        "content": "<p>Orange, CP sign US$100m deal<\/p>\n<p>BANGKOK (AFP): British mobile phone operator Orange Plc. on<br>\nThursday signed a joint venture agreement with Thai conglomerate<br>\nCharoen Pokphand Group (CP) in a deal reportedly worth about<br>\nUS$100 million.<\/p>\n<p>Charoen Pokphand senior executive vice president Veeravat<br>\nKanchanadul told AFX-Asia, an AFP financial news subsidiary, that<br>\nOrange would take a 34 percent stake in the joint venture, to be<br>\ncalled Bangkok Inter Teletech Co. (BITCO).<\/p>\n<p>CP Group would hold 51 percent of BITCO, Orange 34 percent and<br>\nthe remaining 15 percent would be held by other investors, he<br>\nsaid.<\/p>\n<p>Veeravat did not reveal how much Orange paid for the 34<br>\npercent stake but said CP sold the stake at a premium to BITCO's<br>\npar value of 10 baht (23 US cents) a share.<\/p>\n<p>The Nation daily Thursday reported the deal was worth about<br>\n$100 million and cited a CP source as saying Orange would later<br>\nboost its stake.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/orange-cp-sign-us100m-deal-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
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